23rd January 2025 – (New York) Traders are abuzz with excitement over the latest developments in the cryptocurrency market, particularly surrounding Ripple (XRP), Shiba Inu (SHIB), and Rexas Finance (RXS). Currently, XRP is trading at approximately $3.16, having experienced a notable increase of 20.86% this week and 36.75% over the past month. Analysts predict that Ripple could soon break the $5 barrier, a potential 63% gain driven by favourable regulatory changes or significant banking partnerships.
Despite its legal challenges, Ripple remains a dominant player in cross-border finance, with a trading volume recently reported at $17.98 billion, despite a 9.65% decrease in the past 24 hours. However, the growing presence of competitors like Remittix (RTX) has begun to capture market attention, with some experts suggesting it may outpace established tokens such as Ripple.
Meanwhile, Shiba Inu, the meme coin that peaked in early 2023, is showing signs of resurgence. Analysts have identified a bullish triangle pattern in SHIB’s chart, suggesting a potential price target of $0.000081, representing a 258% increase from current levels. The introduction of TREAT, a governance and utility token for Shiba Inu’s Layer-3 privacy blockchain, is expected to bolster its standing among popular cryptocurrencies. This initiative, along with ongoing token burns, is helping to create scarcity and drive up demand.
In the realm of asset tokenisation, Rexas Finance is making waves with its user-friendly platform aimed at transforming real-world assets (RWAs) into easily manageable and tradable tokens. The presale for RXS has been a remarkable success, with the token rising from $0.03 to $0.175, reflecting a staggering 483% increase. Analysts project that RXS could see further substantial gains, with expectations of a 20,000% rise by the end of 2025.
